Absorption Report

Wellborn, Multi-unit

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market		 Balanced
Market		 Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 3 5 1 0.3 3.6
101k-125k 1 3 1 0.5 2
126k-150k 5 8 0.3 3.8
151k-175k 7 11 7 0.3 3.8
176k-200k 16 17 2 0.2 5.6
201k-225k 18 36 6 0.3 3
226k-250k 32 69 20 0.4 2.8
251k-275k 32 83 14 0.4 2.3
276k-300k 71 148 27 0.3 2.9
301k-325k 88 119 18 0.2 4.4
326k-350k 95 86 17 0.2 6.6
351k-375k 62 46 4 0.1 8.1
376k-400k 48 44 7 0.2 6.5
401k-425k 19 16 4 0.1 7.1
426k-450k 20 14 3 0.1 8.6
451k-475k 12 8 2 0.1 9
476k-500k 17 7 3 0.1 14.6
501k-550k 20 8 0.1 15
551k-600k 5 7 2 0.2 4.3
601k-650k 5 4 2 0.1 7.5
651k-700k 4 7 2 0.3 3.4
701k-750k 3 3 0.2 6
751k-800k 5 3 0.1 10
801k-850k 1 4 1 0.7 1.5
851k-900k 1 4 3 0.7 1.5
901k-950k 1 0.2 0
951k-1m 3 2 0.1 9
1.1m-1.2m 2 2 1 0.2 6
1.3m-1.4m 1 0
1.5m-1.6m 1 0.2 0
1.7m-1.8m 2 1 0.1 12
1.9m-2m 1 0.2 0
2.25m-2.5m 1 1 0.2 6
3.5m-4m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
101k-125k 3 0.5 0
176k-200k 1 1 0.2 6
201k-225k 1 1 1 0.2 6
226k-250k 5 0
251k-275k 2 1 0.3 0
376k-400k 1 0
476k-500k 1 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
76k-100k 3 4 1 0.2 4.5
101k-125k 5 7 1 0.2 4.3
126k-150k 22 17 3 0.1 7.8
151k-175k 13 20 2 0.3 3.9
176k-200k 9 7 1 0.1 7.7
201k-225k 1 3 0.5 2
226k-250k 3 1 0.1 18
251k-275k 3 0
301k-325k 2 0
326k-350k 1 0.2 0
401k-425k 1 0.2 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 1 1 0.2 6
26k-50k 4 9 1 0.4 2.7
51k-75k 2 4 0.3 3
76k-100k 2 2 1 0.2 6
101k-125k 1 2 1 0.3 3
126k-150k 3 1 0.1 18
151k-175k 1 1 0.2 0
176k-200k 2 1 0.1 12
201k-225k 2 0
226k-250k 2 1 0.1 12
251k-275k 1 1 1 0.2 6
301k-325k 1 0
326k-350k 1 1 0.2 0
376k-400k 3 0
451k-475k 1 1 0.2 0
476k-500k 3 0
501k-550k 1 0
601k-650k 1 0
651k-700k 1 0
801k-850k 1 0
901k-950k 2 0
951k-1m 3 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.7m-1.8m 1 0
1.9m-2m 2 0
4m-4.5m 1 0